Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Beijing Tix Scalping Rampant

After an initial buying round, Olympic seats re-sell for 10X face value

By Nick McMaster,  Newser Staff

Posted Dec 10, 2007 5:10 PM CST

(Newser) – Tickets for 2008’s Beijing Summer Olympics are already being illicitly re-sold over the Internet for ten times their original price, the BBC reports. An initial offering in which consumers were able to buy 50 tickets per person is being blamed for kick-starting the scalping frenzy, and that allotment has been scaled back to eight tickets per customer for the second buying round.

The BBC reports finding marked-up tickets for notable events such as the opening ceremony and the 110 meter hurdles final, which Liu Xiang became the first Chinese man to win in 2004. The International Olympic Committee says that it is up to China to enforce the ban on ticket resale, which can be done using a tag on the ticket which identifies the original buyer.

People line up outside a Bank of China branch to buy tickets to next year's Olympic Games, in Beijing Tuesday Oct. 30, 2007. (AP Photo)
People line up outside a Bank of China branch to buy tickets to next year's Olympic Games, in Beijing Tuesday Oct. 30, 2007. (AP Photo)   (Associated Press)
The Olympic logo formed by colored balloons is displayed during a ceremony to launch ticket sales for the Beijing 2008 Olympic Games in Hefei,eastern China's Anhui province Sunday, April 15,  2007. (AP Photo)
The Olympic logo formed by colored balloons is displayed during a ceremony to launch ticket sales for the Beijing 2008 Olympic Games in Hefei,eastern China's Anhui province Sunday, April 15, 2007. (AP...   (Associated Press)
A Chinese man and child stand near a mascot for the Beijing 2008 Olympic Games during a ceremony to launch ticket sales in Hefei, eastern China's Anhui province Sunday, April 15,  2007. (AP Photo)
A Chinese man and child stand near a mascot for the Beijing 2008 Olympic Games during a ceremony to launch ticket sales in Hefei, eastern China's Anhui province Sunday, April 15, 2007. (AP Photo)   (Associated Press)
People line up outside a Bank of China branch to buy tickets to next year's Olympic Games, in Beijing Tuesday Oct. 30, 2007. (AP Photo)
People line up outside a Bank of China branch to buy tickets to next year's Olympic Games, in Beijing Tuesday Oct. 30, 2007. (AP Photo)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Hurdler Drops Out, Stunning China

IOC, BBC Spar Over Beijing Air

Amnesty: China Broke Promises of Free Speech

Chinese Hurdler Liu Xiang Will Carry Hopes of 1.3B

Quake May Have Saved Beijing Games


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne